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but i want to see our economy recover. i would like to see this. i would like to see the labor market, fiscal policy addressed the issues that were mentioned. obviously difficult issues out there, but i do think things are moving, you know, not as fast as we would like. in that direction i am cautiously optimistic about the next oliviers. >> thank you. [applause] well, as i mentioned, i'm sure that there are a great many questions that have already been shared with our presenters, so let me turn the floor to them. >> thank you for your comments, chairman bernanke command for your comments. i am master's student. the first question is, if treasury had a trillion dollar platinum coin, with they have made in the count? if not, why not. >> well, i'm not going to give that any oxygen. [laughter] as you probably know, the treasury and the federal reserve over the weekend, the treasury issued a statement to which the federal reserve approved stating that we did not think this was the right way to deal with this problem. i mean, there are legal issues, pol
but i want to see our economy recover. i would like to see this. i would like to see the labor market, fiscal policy addressed the issues that were mentioned. obviously difficult issues out there, but i do think things are moving, you know, not as fast as we would like. in that direction i am cautiously optimistic about the next oliviers. >> thank you. [applause] well, as i mentioned, i'm sure that there are a great many questions that have already been shared with our presenters, so let...
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Jan 17, 2013
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it has to be into the economy. we not only have to inducer and sent people to step on the accelerator to create more jobs. that's a matter of having to rip us from our vacations, tax incentives and so on, that has to be transmitted to the banking system. these banks are in such deep trouble in control so much of the assets have been focused on other things. they are interfering the effectiveness for accommodative monetary policy. if you get people to understand this is hurting job creation in the district come he might more political support. i believe this support is gaining ground. it's not just a question of fairness. it's a question of efficacy. and i believe it is beginning to gain ground. [inaudible] >> that's up to people on the hill and the people that want to support this effort. it takes to fix greater to that. that may mean it's not doable. i don't think so. >> thank you for being with us this evening. i'm at catcher catcher and the university of virginia and i really would like to give you the opportuni
it has to be into the economy. we not only have to inducer and sent people to step on the accelerator to create more jobs. that's a matter of having to rip us from our vacations, tax incentives and so on, that has to be transmitted to the banking system. these banks are in such deep trouble in control so much of the assets have been focused on other things. they are interfering the effectiveness for accommodative monetary policy. if you get people to understand this is hurting job creation in...
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Jan 17, 2013
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and global economy. s-sierra .2% are not. the very existence threatens economic and financial stability and furthermore regulators in many small banks are tied up in regulatory and legal knots in an enormous direct costs in large and costing him his the operation of our economy. your .2% if the administration and the congress can agree as recently as two weeks ago on legislation that affects the 1%. surely can process the solution that affects your .2% of the nationsbank less costly, less complex, former effect adventure and one. argue with the time has come to change the decision-making paradigm. there should be more than that to present solutions, which are bailout for the end of the world economy as we know it. both choices are unacceptable. the next financial crisis could cost for the two years of output, which was boston would be borne by millions more u.s. taxpayers. that her highness caused must be weighed against the posted benefit of maintaining today to fill status quo and to us at the dallas f
and global economy. s-sierra .2% are not. the very existence threatens economic and financial stability and furthermore regulators in many small banks are tied up in regulatory and legal knots in an enormous direct costs in large and costing him his the operation of our economy. your .2% if the administration and the congress can agree as recently as two weeks ago on legislation that affects the 1%. surely can process the solution that affects your .2% of the nationsbank less costly, less...
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Jan 16, 2013
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toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with people estate tax reform is going to because of scheduling. need to do with the limits of kuester and the house republicans concern if they do anything on tax reform, that they may leave themselves open to the senate not taking action and therefore an unpopular vote for no reason. are you optimistic on tax reform? >> first of all, we have to resolve this debt crisis in terms of sequestration and intern says the full faith and credit of the u.s. in the next six weeks. we are going to accomplish tax reform in the next six weeks. so we have a
toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with...
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Jan 17, 2013
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you have to look at every aspect and look at health care costs, growthing -- growing faster than the economy. we have to fix the social security system making promises that are bigger than which we can pay out down the road. .. but he recognizes the threat it putouts there in the economy in that you can't possibly imagine the real growth coming without a sense of stability. the with coming from knowing what these changes will be so you could have planning investments, job creation, all the necessary pieces of moving the economy forward. the big wild card is when people are going to make these tough choices instead of using them to fight in the normal political boxes. what is going to happen next? it's on a different path than i would have thought. if you think about the prospect theory which basically says when you're delivering good news you want to do it in lots of little pieces if they got a promotion than you want to tell them they got a raise and then tell them they got a bigger office. each piece of big news is good and makes people happier. if you were doing bad use and waiting for an
you have to look at every aspect and look at health care costs, growthing -- growing faster than the economy. we have to fix the social security system making promises that are bigger than which we can pay out down the road. .. but he recognizes the threat it putouts there in the economy in that you can't possibly imagine the real growth coming without a sense of stability. the with coming from knowing what these changes will be so you could have planning investments, job creation, all the...
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Jan 15, 2013
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but the american economy suffers from that kind of situation. so those are some of the handicaps and some of the things that contribute to the culture that, i think, is not receptive right now to innovation and those sorts of things, and i'm sure i'll get to talk about that later and turn it on over to you. >> okay. bobby, you have developed shopping mauls across the country including the city creek center in salt lake city. what has been your experience with government? >> complicated. phil talks about the culture of government really is, i mean, if it's not broken, it's certainly misguided. you know, for a company to be successful, you absolutely have to have a strong culture. and i think we've sort of argued at times what the purpose of government is. and it's really trying to sort of understand what that purpose is that the constituents are always pulling themselves apart at. because the agenda moves so much as you talk through a process. i mean, you mentioned dodd-frank. you mentioned sarbanes-oxley. or sarbanes-oxley which is, you know, do
but the american economy suffers from that kind of situation. so those are some of the handicaps and some of the things that contribute to the culture that, i think, is not receptive right now to innovation and those sorts of things, and i'm sure i'll get to talk about that later and turn it on over to you. >> okay. bobby, you have developed shopping mauls across the country including the city creek center in salt lake city. what has been your experience with government? >>...
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Jan 14, 2013
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economy. i also -- i spoke to you before the meeting started about the fema changes senator landrieu called me on -- [inaudible conversations] >> yeah. and the changes have been made and as i understand, we will be voting on them. >> i think there was something on the floor this evening. >> which includes bipartisan reforms to fema. >> good. >> i think it would be -- we try the appropriations on the -- i know people don't believe this to do as little authorization as possible respectfully of the authorization committee. i think it's on suspension tonight. >> i hope so. because that -- i think it's a very important part. not to watch what we see in katrina. i thank you for that. no further questions. >> thank you very much. mr. bishop? >> i don't know to whom to actually ask this question. maybe either of you or to the any of the fore floridians who happen or it here. represent hastings said there would be many for florida beaches in here. i know, there's a $4 billion category of energy and wat
economy. i also -- i spoke to you before the meeting started about the fema changes senator landrieu called me on -- [inaudible conversations] >> yeah. and the changes have been made and as i understand, we will be voting on them. >> i think there was something on the floor this evening. >> which includes bipartisan reforms to fema. >> good. >> i think it would be -- we try the appropriations on the -- i know people don't believe this to do as little authorization...
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Jan 16, 2013
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the economy is bad enough now. we'll see how to does after the mind set takes over. >> thank you, david. thank you for coming today. thanks for your remarks. obviously, this is a global economy and financial services, especially it's important to look at it from a global perspective, and it was very useful i think for you to remind us of the comment about europeans especially lit japanese had on the folker rule. with respect to the money market and mutual funds. there's talk of european action here in the near future. i was wondering for you have any advice to our friends across the ocean as far as action or whatnot with respect to the fc correcting might be thinking in doing? >> thank you, mr. commissioner, for your question. i was in london and dublin. i don't know which jurisdiction was interested in the money market fund debate. it's a big industry in both of the locals. and, you know, in both places i was told by industry as well as high level government officials at the ec on the cusp of releasing consultatio
the economy is bad enough now. we'll see how to does after the mind set takes over. >> thank you, david. thank you for coming today. thanks for your remarks. obviously, this is a global economy and financial services, especially it's important to look at it from a global perspective, and it was very useful i think for you to remind us of the comment about europeans especially lit japanese had on the folker rule. with respect to the money market and mutual funds. there's talk of european...
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economy. if i were a cubin i sure would like that to continue, and i would do everything i could to to get that to continue i think it is waning and it hit a high water mark and it is reseeding and i think that serves certainly the purposes of the united states and i think that's fine. i don't blame the countries that are receiving subsidized oil shipments. i would love for somebody to subsidize, you know, the things that i need to buy. that's in their own self-interest and the need to be thinking about what's going to happen because let's go back. if you take some of the data talked about on the economy, and you are the next, you are the government of venezuela, the easiest place to cut back is where you are getting away. if i am the recipient of that oil, i would be worried right now. that's just in the self-interest of the government of venezuela if you have a deficit, you know, stop giving away, stop subsidizing sales to people. that would be the logical thing to do. and if you had a gover
economy. if i were a cubin i sure would like that to continue, and i would do everything i could to to get that to continue i think it is waning and it hit a high water mark and it is reseeding and i think that serves certainly the purposes of the united states and i think that's fine. i don't blame the countries that are receiving subsidized oil shipments. i would love for somebody to subsidize, you know, the things that i need to buy. that's in their own self-interest and the need to be...
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Jan 19, 2013
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this is about looking up cross-border economy to take advantage of this huge growth in the mexican economy and to see how we can create jobs in the united states and how we can together as north americans actually compete with people in east asia, indian sub continent in brazil and we don't want to compete on wage rates. the way in which we compete economically and across borders by spring-training transaction costs down on the cross-border flows of goods because increasingly what we are seeing a shared reduction platforms in mexico and the united states for a single product. before that product is sold and finally assembled, it may have crossed the border to her three or four times. when we drive down the costs of crossing the border, we do ourselves a disservice. therefore when we approached the border, both in terms of security and economic competitiveness, we have to invest, but not the way we did in the past. we have to invest in infrastructure. we need to invest in new ways of managing cross-border flows. we have to reinvent many methods they used to get goods and people across the b
this is about looking up cross-border economy to take advantage of this huge growth in the mexican economy and to see how we can create jobs in the united states and how we can together as north americans actually compete with people in east asia, indian sub continent in brazil and we don't want to compete on wage rates. the way in which we compete economically and across borders by spring-training transaction costs down on the cross-border flows of goods because increasingly what we are seeing...
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Jan 18, 2013
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and the thing that hung over the economy at that time was inflation. we just couldn't seem to deal with the inflation problem. so we had a deep recession in '7 4-'75. we had another recession in 1980, we had another recession in 1981-'82, so a double dip recession. and then finally, paul volcker who was chairman of the federal reserve and his colleagues decided to whack the economy over the head really hard and take the inflation out of the system, and finally it did, although it took a while. it wasn't really until the fall in oil prices in '86, but we really got rid of the inflation demon and, i think in some ways, laid the groundwork for the period following that in the 1990s when we had strong productivity growth, we had strong markets really starting in the mid 1980s. so the analogy in my mind is we have this deficit that's now hanging over us, um, and for some of the same reasons it's a really hard problem to solve. it lacks a federal reserve, so we don't have the equivalent of an actor like paul volcker who can come in and say, okay, we're going
and the thing that hung over the economy at that time was inflation. we just couldn't seem to deal with the inflation problem. so we had a deep recession in '7 4-'75. we had another recession in 1980, we had another recession in 1981-'82, so a double dip recession. and then finally, paul volcker who was chairman of the federal reserve and his colleagues decided to whack the economy over the head really hard and take the inflation out of the system, and finally it did, although it took a while....
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brookings institution here in washington where they're holding a forum on jobs, innovation and the economy. a series of panels will examine strategies and best practices to spur economic growth. and what role the private sector plays in all this. that will be live in just a few moments here on c-span2. on monday the president received recommendations from vice president biden's task force on gun control. president obama is expected to unveil his proposal as early as tomorrow. during the final news conference of his first term yesterday, the president responded to a question about the issue. >> i wanted to ask about gun violence. today marks the one year, our one month anniversary of the shooting at newtown which seems to generate some momentum for rinsing the assault weapons ban, but there's been fresh opposition to the banned from the nra and even harry reid has said that he questioned whether to pass congress. given that, how hard will you push for an assault weapons ban? and if one cannot pass congress, what other measures would need to be included in a broad package in order to curb vi
brookings institution here in washington where they're holding a forum on jobs, innovation and the economy. a series of panels will examine strategies and best practices to spur economic growth. and what role the private sector plays in all this. that will be live in just a few moments here on c-span2. on monday the president received recommendations from vice president biden's task force on gun control. president obama is expected to unveil his proposal as early as tomorrow. during the final...
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Jan 14, 2013
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we have money, we have an economy he. we are in a very different situation than the founders ever were or could have imagined. but we still have those inclination's are we involved in foreign policy to protect our interests, are we involved in foreign policy to project in the world? >> host: it is a different time in america's place in the world. the nations are very much a threat, 25 years after the person in the white house this is a country very much at risk. how do the people that you write about half contemporary offers, how did that translate the frankenstein of the founding to the debate about foreign policy and in afghanistan? >> guest: a lot of them quote washington's farewell that you shouldn't be involved on the alliance's. there tends to be a very nativist going out through the books. >> host: what do you mean by nativist? >> guest: let the world flight and pull back and take care of ourselves. i do not sense among the contemporary conservatives i do not get a sense of foreign policy coherence than i do on the
we have money, we have an economy he. we are in a very different situation than the founders ever were or could have imagined. but we still have those inclination's are we involved in foreign policy to protect our interests, are we involved in foreign policy to project in the world? >> host: it is a different time in america's place in the world. the nations are very much a threat, 25 years after the person in the white house this is a country very much at risk. how do the people that you...
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Jan 16, 2013
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there will be fewer people in jobs and it will be a double whammy for the welsh economy? >> if he wants to be taken seriously with having a mess about deficit reduction, he knows you cannot begin to to deficit reduction until you take a serious approach to welfare reform. on the side of the house we're doing it in a fair and responsible way. a way that rewards hard work. >> order. questions to the prime minister. >> number one, mr. speaker. >> thank you, mr. speaker. i'm sure the whole house will wish to join me in paying tribute to richard reginald walker, 28 engine regiment, attached to 21 engineer regiment. it is clear to see from the tributes paid that he was outstanding soldier and mutual respect. are deep assemblies are are with his family and his friends at this difficult time. mr. speaker, i would also like to mention helicopter crash in central london display but also central london display but also wish to join in sending our thanks to the emergency services for the rapid and professional response to the situation. mr. speaker, this point i had meetings with min
there will be fewer people in jobs and it will be a double whammy for the welsh economy? >> if he wants to be taken seriously with having a mess about deficit reduction, he knows you cannot begin to to deficit reduction until you take a serious approach to welfare reform. on the side of the house we're doing it in a fair and responsible way. a way that rewards hard work. >> order. questions to the prime minister. >> number one, mr. speaker. >> thank you, mr. speaker. i'm...
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economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use -- those issues of course are not the specific purdy of the fed, and so why do we shift gears and talk more specifically about some things that the fed is doing and things that the fed might do. perhaps a way to introduce that is to say that the fed of course is keeping interest rates at close to zero since roughly 2008, and it dug pretty deep into its arsenal, more recently in terms of in particular the very massive asset purchases recently launched its third round, which are intended to bring long-term inter
economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use...
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Jan 14, 2013
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we have an army, we have the navy, but economy. we are in a very different situation than the founders ever were or ever could have imagined. but we still have those inclination's. are we involved in foreign policy to protect our interests, are we involved in policy to project ideologies into the world? >> host: and of course it is a very different time in america's place in the world pity we are not an indispensable nation we are very much at threat 25 years after the creation and the constitution not far from here where we are taking the interview this is a country very much at risk. how do the people that you write about contemporary authors, how do they translate or try to translate what the frankenstein sent to contemporary debates about foreign policy, iraq, afghanistan? >> guest: a lot of them quote from washington's farewell address and saying you shouldn't be involved in the alliance's. there tends to be a very nativist threat going forward through those book. >> host: tell us more about that what you mean by nativist? >>
we have an army, we have the navy, but economy. we are in a very different situation than the founders ever were or ever could have imagined. but we still have those inclination's. are we involved in foreign policy to protect our interests, are we involved in policy to project ideologies into the world? >> host: and of course it is a very different time in america's place in the world pity we are not an indispensable nation we are very much at threat 25 years after the creation and the...
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Jan 20, 2013
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government will continue to regulate the economy showed a for safeguarding the social and economic bases of political all signs that a significant conservatives must redouble their efforts to reform sloppy and incompetent government and resist government's inherent expansionist tendencies and progressivism's reflects and proclivities. but the attempt in today's circumstances to dismantle, a conservatives can and should focus on restraining spending, government. revolution. the greatest social revolution in human history. the advance chen -- edwin chen human history, women could ability to enter the workforce and pursue careers. it also transformed romance, reshaped structure of the family and refresh marriage. it's still doing so. price may still avoid impersonal way. couples may still promise to love and cherish for better and worse until death do them part and children are child may still lie in the future for most married couples. nevertheless, 90% of americans cohabitation for marriage's stigmatizing.o children once the core reason for getting married have become optional and civil
government will continue to regulate the economy showed a for safeguarding the social and economic bases of political all signs that a significant conservatives must redouble their efforts to reform sloppy and incompetent government and resist government's inherent expansionist tendencies and progressivism's reflects and proclivities. but the attempt in today's circumstances to dismantle, a conservatives can and should focus on restraining spending, government. revolution. the greatest social...
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Jan 15, 2013
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economy had grown 1% less, our economy would've been the same size in 1990 as a that of mexi mexico. that 1% difference over that century created massive outcome difference. looking forward 10 years from now, if we go out 2% rather than 3% potential we will have have had $1 trillion worth of outcome which is about 10 -- in this economy. that's a very, very big deal. the growth alone is also not important. it's also growth that is inclusive. that is broadly shared and that's one of the things that brookings is devoted to the we have a project called the hamilton project wizard -- which is focused o on the issue. if over the course of the last 30 years, roughly 35 years, the average income in the united states house hold have grown at the same rate of you succumb, 26% for the household growth, 2% of economy, the per capita gdp would be 50% higher than it is today, $90,000 versus $16,000. if you translate that into can what happens in household economy that is final. and what we do in washington is really, really important i just came back from a trip to brazil but i don't want to spend
economy had grown 1% less, our economy would've been the same size in 1990 as a that of mexi mexico. that 1% difference over that century created massive outcome difference. looking forward 10 years from now, if we go out 2% rather than 3% potential we will have have had $1 trillion worth of outcome which is about 10 -- in this economy. that's a very, very big deal. the growth alone is also not important. it's also growth that is inclusive. that is broadly shared and that's one of the things...
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Jan 17, 2013
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economy and taxpayers from so. greatest risks created by the nation's largest financial institutions while providing plenty of space for the financial institutions to provide the plain, low risk client-oriented financial services that help the real economy grow. they are a lotble goals. almost unformally critics argue it's the very plain mainstream customer facing products that will be harmed. not necessarily by the text of the volcker rule as set forth in the dodd-frank act, but by the draconian interpretation of the rule at the october 2011 proposed rules would impose on the financial industry and their customers. notably, our foreign regulatory counter parts in europe, canada, and japan have been some of the fiercest critics of the prosed implementing rule. i had the fund last week to meet with regulators and industry participates in u.k. and ireland where i encouraged a -- encountered a distinct lack of enthusiasm for the volcker rule set forth by the u.k. independent commission on banking and e.u. indeed, sir
economy and taxpayers from so. greatest risks created by the nation's largest financial institutions while providing plenty of space for the financial institutions to provide the plain, low risk client-oriented financial services that help the real economy grow. they are a lotble goals. almost unformally critics argue it's the very plain mainstream customer facing products that will be harmed. not necessarily by the text of the volcker rule as set forth in the dodd-frank act, but by the...
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Jan 20, 2013
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we have nav, we have money and an economy. when a very different situation than the founders ever were or ever could've imagined, but we still have those two inclinations. are we about to foreign policy to protect her interests quite are we involved in foreign policy to project ideology into the world? >> guest: >> host: were not in the dispensable nation. 25 years after the creation of the constitution not too far from here come the paper and the white house that the country very much at risk. so the people that you write about in the book, the contemporary authors, how do they translate or try to train late with the frankenstein set to contemporary debates about foreign policy in iraq, afghanistan? >> guest: a lot of to quote washington's farewell address and say we should be involved. there tends to be a very nativist echoing through those folks and that discourse. >> host: what you mean by nativist? >> guest: let the world friday we just need to pull back and take care of ourselves. i don't sense among the contemporary con
we have nav, we have money and an economy. when a very different situation than the founders ever were or ever could've imagined, but we still have those two inclinations. are we about to foreign policy to protect her interests quite are we involved in foreign policy to project ideology into the world? >> guest: >> host: were not in the dispensable nation. 25 years after the creation of the constitution not too far from here come the paper and the white house that the country very...
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Jan 19, 2013
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they hold a very simple the economy. at the support zero tolerance or you are accused as i was of wanting to sell heroin in candy machines to children. there is a whole spectrum of regulatory possibilities for different drugs to meet structure be treated differently right now we have a one-size-fits-all. can so we're going to have to experiment and find out which policies work best for each particular drug. stimulants are a bit more problematic, but we need to find up to what extent our war on cocaine originally in the 80's helped popularize and spread a poor person's version of cocaine, crack. to what extent that our war on crack helper popularize the poor person's crack, mess. each time we end up with an easier to produce, more difficult to stop the more problematic, more dangerous drug and this is a lesson we should learn from alcohol prohibition. there are many lessons we have not learned from out of prohibition. put it this way. if you were a bootlegger during alcohol prohibition the last thing you wanted to smuggle
they hold a very simple the economy. at the support zero tolerance or you are accused as i was of wanting to sell heroin in candy machines to children. there is a whole spectrum of regulatory possibilities for different drugs to meet structure be treated differently right now we have a one-size-fits-all. can so we're going to have to experiment and find out which policies work best for each particular drug. stimulants are a bit more problematic, but we need to find up to what extent our war on...
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Jan 21, 2013
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what was the colonial economy? these are all drugs. .. and now we have turkish coffee, english tea time and of course of the fortunes that drove a lot in the european development. and so, long story short the reason have the world got colonized in some ways is because a bunch of old white men in europe couldn't get up so there you have sex, drugs and international relations but i tell the story because what we consider drugs is important so when the white males of european ancestry that drafted this 1961 convention got to read some of their favorite drugs that they got accustomed to policy, alcohol, you know, all these things they love to do. but coca was something indigenous people used and is the attitude that made them say this is forbidden, this causes degeneration, this is terrible stuff. but coca in its natural form is a very beneficial and relatively harmless. it's a very mild stimulus in my opinion and my personal experience two cups of coffee basically, so this thing that's hard to get across people in the united states these pol
what was the colonial economy? these are all drugs. .. and now we have turkish coffee, english tea time and of course of the fortunes that drove a lot in the european development. and so, long story short the reason have the world got colonized in some ways is because a bunch of old white men in europe couldn't get up so there you have sex, drugs and international relations but i tell the story because what we consider drugs is important so when the white males of european ancestry that drafted...
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Jan 18, 2013
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is there enough tax generated in the economy to offset that? and would disaster occurs are you on the hook for off infrastructure and everything else that may be required to rebuild that community? and asia return on that exposure -- is your return greater? as a taxpayer, the answer is unfortunately too often know. we have subsidize risks to the point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs, you are now exposed to much greater costs without necessary generating revenue or other societal benefits off that risk. now, during the '70s and '80s and through the early '90s, went a lot of growth was taking place in coastal areas and other vulnerable areas, very few storms were occurring. frequency was down. so the allusion was i have lived here for 30 years, this never happens. welcome the problem with climate whether it's 30 year cycles are like an eyelash in understanding how big systems and dynamics work. not talking at any of the forcing issues, and now we find ourselves in this period of increased
is there enough tax generated in the economy to offset that? and would disaster occurs are you on the hook for off infrastructure and everything else that may be required to rebuild that community? and asia return on that exposure -- is your return greater? as a taxpayer, the answer is unfortunately too often know. we have subsidize risks to the point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs, you are now exposed to much greater costs without...
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Jan 19, 2013
01/13
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fdr and is this behavior and what if we threw him out of office and demanded his resignation as the economy was recovered? all the way back to the french and indian war, a very young george washington was riding very romantic letters to a woman who was not mrs. washington. her name was sally terry fairfax, very attractive, older, sophisticated neighbor. what if washington's letters have become public during the for -- french and and -- ran the french and indian war. not the first and not the worst. patraeus is not the first and not the worst. been there done that. it pains me to say that even abraham lincoln visited prostitutes. say it isn't so. but it happens. now, the details on a sketchy. there are not a lot of letters written about this, but here is so we can piece together. lincoln's best friend was joshua speed. he was, perhaps, a dashing and handsome and i guess what you with the ladies as lincoln was allegedly only an awkward and of lucky in romance. he felt sorry for lincoln. invited him to work in his general store. and he did not have a place to stay. he let him stay of stairs of
fdr and is this behavior and what if we threw him out of office and demanded his resignation as the economy was recovered? all the way back to the french and indian war, a very young george washington was riding very romantic letters to a woman who was not mrs. washington. her name was sally terry fairfax, very attractive, older, sophisticated neighbor. what if washington's letters have become public during the for -- french and and -- ran the french and indian war. not the first and not the...
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Jan 16, 2013
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. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we nee
. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform...
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Jan 17, 2013
01/13
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the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. either the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also need a workable, reliable national employee verification program. now, the e-verify program has been dramatically improved. we are ready to move forward with it nationally provided there is strong preemption language for state and local laws, no obligation to reverify the whole team -- i know companies with 35, 50,000 employees. we certainly don't have to do that. and we need safe harbor for good faith efforts by employers. finally, we need to provide a path out of the shadows for 11 million undocumented immigrants who live in the united states today. with the understanding they will meet
the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. either the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also...
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Jan 13, 2013
01/13
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in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the administration of president george w. bush. in her book, she helps us understand why the failures of such direct investments in private firms are both significant problems in themselves and cautionary tales for those who would have the government rather than private investors allocate capital. the publication that regulates the disaster caps diane mr. shear as an institute senior fellow, i'll year in which has been prolific and influential. cited by reuters reporters, talk show host, across the country. i think in particular of her many, many contributions to our series called issues 2012, ranging from her analysis demo
in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the...
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Jan 16, 2013
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economy. if i were the cubans, i sure would like that to continue, and i would do everything i could to get that to continue. i think the influence of venezuela and toover chavismo is waning. it hit a high water mark and is receding, and i think that serves, certainly, the purposes of the united states. and i think that's fine. and if i were the people -- listen, i don't, i don't blame the countries that are receiving subsidized oil shipments from venezuela. i would love for somebody to subsidize the things i need to buy. you know, that's in their own self-interest. but they need to be thinking about what's going to happen. because let's go back. if you take some of the data that russ and chris have talked about on the economy and you are the next, you are the government of venezuela, i mean, the easiest places to cut back are in the oil you're giving away. and so if i'm the recipient of that oil, i'd be worried right now. i mean, that's just, you know, in the self-interest of the government o
economy. if i were the cubans, i sure would like that to continue, and i would do everything i could to get that to continue. i think the influence of venezuela and toover chavismo is waning. it hit a high water mark and is receding, and i think that serves, certainly, the purposes of the united states. and i think that's fine. and if i were the people -- listen, i don't, i don't blame the countries that are receiving subsidized oil shipments from venezuela. i would love for somebody to...
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Jan 18, 2013
01/13
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our economy, and the global economy. and i think he needed to be straight up and not say that the essentially what i'll do is look for ways around it. the republican caucus has, as i said ate the beginning, so dramatically changed from when i joined -- which has jurisdiction . the republican party has to decide how much it's willing to game, the economy of the united states. [inaudible] i'm not surprised. [inaudible] negotiations that resolved in a fairly -- [inaudible] have an effect on the regulatory regime, both in this country and europe. going in to that, what your reservation -- [inaudible] the deal that would emerge from the negotiations. what would you be most concerned about? >> i said in a meeting of the group that is looking at this, in my position, stated there was that we should undertake serious discussions between the u.s. and e.u. at the same time, i think we need to be realistic. i was -- [inaudible] what was that? over ten years ago, and i think there were unnecessarily optimistic views about how quickl
our economy, and the global economy. and i think he needed to be straight up and not say that the essentially what i'll do is look for ways around it. the republican caucus has, as i said ate the beginning, so dramatically changed from when i joined -- which has jurisdiction . the republican party has to decide how much it's willing to game, the economy of the united states. [inaudible] i'm not surprised. [inaudible] negotiations that resolved in a fairly -- [inaudible] have an effect on the...
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Jan 21, 2013
01/13
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if you didn't grow the government or economy at all. why have we put ourselves in a position? the fact is we are now, the federal reserve has increased its balance sheet. this created $2 trillion with the funny money. it is going to fall in the middle class in a very poor country and is going to defeat with both already said they want and yet we don't have the courage to do to make the tough choices if it means we lose their seats to secure the future for this country. we put ourselves first and said of the country first. if any american citizen breed back in black, go to her website every day, there's a lot of commonsense ways to save money. just this last week the air force announced in the federal government this year were going to
if you didn't grow the government or economy at all. why have we put ourselves in a position? the fact is we are now, the federal reserve has increased its balance sheet. this created $2 trillion with the funny money. it is going to fall in the middle class in a very poor country and is going to defeat with both already said they want and yet we don't have the courage to do to make the tough choices if it means we lose their seats to secure the future for this country. we put ourselves first...
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Jan 17, 2013
01/13
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this is a question of future economic opportunity here how is the economy going to grow? what kind of life our our people going to lead? that's why this matters so much. when you get to a gross debt of more than 100% of gdp, your future economic prospects are reduced. well, we've talked about the revenue side of the equation, the spending side of the equation. looking at the revenue, i showed a slight earlier to show the revenues at 1520% of gdp. typically if you look at the economic history of the country last 30 years, average revenue has been about 18.6% of gdp. but the last five times we have balanced the budget, revenue was not at 18.6% of gdp. it was close to 20%. you can see in 69, 98, 99, 2000, 2001, revenue and the times we balance was close to 20% at gdp. that kind of sets up the question of what the president proposed, because he was calling for $1.6 trillion of additional revenue. remember, that's not what we got in his last deal. it was 650 billion. but what he was going for was $1.6 trillion of revenue over the next six years. to put that in context, how muc
this is a question of future economic opportunity here how is the economy going to grow? what kind of life our our people going to lead? that's why this matters so much. when you get to a gross debt of more than 100% of gdp, your future economic prospects are reduced. well, we've talked about the revenue side of the equation, the spending side of the equation. looking at the revenue, i showed a slight earlier to show the revenues at 1520% of gdp. typically if you look at the economic history of...
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Jan 20, 2013
01/13
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the one area, the boone area in the economy of boston and the united states at that great of time was one, the yankee bankers of boston, and new york to lesser extent, were paying the attention to come and that was still the moving pictures. they thought it was a fat is going to go with a y. in money in it? at kennedy do better. and because nobody else was paying attention, he got into film. and using a local bank as his page bank, a local bank that his father had helped start in east boston trust company, key, and using his friends, he raised enough money to make a bid on a failing film company. he found his way to hollywood, and in hollywood made it big. why? because he learned how to make his being an outsider into an advantage. he arrived in hollywood as another kind of an outsider, a christian. and he said over and over again from the moment he arrived in hollywood, i am the all-american boy, i'm jack armstrong, i'm a boston banker and i'm here to rescue this industry from the bad reputation that has spread over it, because the dominant studio heads and producers are jews. i'm no
the one area, the boone area in the economy of boston and the united states at that great of time was one, the yankee bankers of boston, and new york to lesser extent, were paying the attention to come and that was still the moving pictures. they thought it was a fat is going to go with a y. in money in it? at kennedy do better. and because nobody else was paying attention, he got into film. and using a local bank as his page bank, a local bank that his father had helped start in east boston...
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Jan 14, 2013
01/13
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secular result as head of the wpa put a .5 million people back to work and pumped $10 billion into the economy. and then, once again, harry became one of the most visible members of the roosevelt administration and the new deal. he was on the cover of "time" magazine twice. he hung out with the kennedys and the harriman and this quote. and then, in 1838, 1939 but the president's encouragement. i have not done this. here he began promoting himself as a presidential candidate, looking to the election in 1940. the president did encourage him and he leased a farm in iowa a coors, but his hopes were dashed when hundreds of newspapers began reporting the story of a comments he allegedly made to a friend at the racetrack, which did not put the administration and the good life. the comment attributed to him was we shall tax and tax, spend and spend and elect any left. whether true or not, of course he denied it come is stuck with him the rest of his slaves and became a rallying cry for those who heeded this about in new deal. and if that wasn't enough, if cameron 1839, when moore broke in europe, harr
secular result as head of the wpa put a .5 million people back to work and pumped $10 billion into the economy. and then, once again, harry became one of the most visible members of the roosevelt administration and the new deal. he was on the cover of "time" magazine twice. he hung out with the kennedys and the harriman and this quote. and then, in 1838, 1939 but the president's encouragement. i have not done this. here he began promoting himself as a presidential candidate, looking...
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Jan 14, 2013
01/13
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30 minutes and show them graphic slides designed to combat some of the created conglomeration of the economy looks like for those and students here at the school of public health taught me about these opportunities to quantify attitudes towards conflict and aggression and we were able to show with a fall of 28 days surveys before and after the intervention that there was a short term improvement in those attitudes and that is in my talking and academic arena prevention outreach added to the conflict and aggression, 98 kids cross 13 months and then i was invited to go to new york. mayor bloomberg isn't here but mtv executives invited me to a video that had an antiviolence fema and i said that interests me let me see that. well, this was about eight years ago. my 15 year old was then 7-years-old but i didn't know much about 50-cent, the rapper that had this ongoing dual with jarule come and 50 have more credibility why? i told the story 150 times and shot nine times he has more credibility. but does that say about our culture of violence? taking credit by the way being shot nine times. [applau
30 minutes and show them graphic slides designed to combat some of the created conglomeration of the economy looks like for those and students here at the school of public health taught me about these opportunities to quantify attitudes towards conflict and aggression and we were able to show with a fall of 28 days surveys before and after the intervention that there was a short term improvement in those attitudes and that is in my talking and academic arena prevention outreach added to the...
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Jan 14, 2013
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results, as head of the wpa, they put a tif money people back to work and pumped $10 billion into the economy. and then once again harry became one of the most visible members of the roosevelt administration and the new deal. he was on the cover of "time" magazine twice. he hung out with the kennedys and the hairy men's and others. in 1938-1939 with the president encouragement, i have notes on this, harry began promoting himself as a presidential candidate, looking to the election in 1940. the president gave encouraging and at least a farm in iowa, of course. but his hopes were dashed in hundreds of newspapers began reporting the story about a comment that he allegedly made to a friend at the racetrack, which did not put the administration in a good light, a comment attributed to him was, we shall tax and tax, spend and spend. whether true or not of course he denied it. it stuck with him for the rest of his life, and it became a rallying cry for those who hated the roosevelt and the new deal. and if that wasn't enough, in september 1939 when the war broke out in europe, harry found himself ba
results, as head of the wpa, they put a tif money people back to work and pumped $10 billion into the economy. and then once again harry became one of the most visible members of the roosevelt administration and the new deal. he was on the cover of "time" magazine twice. he hung out with the kennedys and the hairy men's and others. in 1938-1939 with the president encouragement, i have notes on this, harry began promoting himself as a presidential candidate, looking to the election in...
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Jan 14, 2013
01/13
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it's about the health of our neighborhoods and our economy. it's about the health of our schools, and our school children, and our communities and the health of our neighbors. mayor bloomberg, the people of new york have seen is an effective, results oriented mayor, one of the most effective results oriented mayors ever to serve new york, or dare i say, any city. creating jobs, expanding opportunity, improving city schools, launching america's largest affordable housing initiative. quite honestly, everything they do in new york and said to be the largest initiative, but i should say also largest and one of the most innovative affordable housing initiatives. and also fighting crime. really showing us that the people of new york have shown the people of baltimore that it is possible to make a safer tomorrow, that we do not have to resign ourselves to the circumstances of the way things have always been, or what we have never been able to do in the past. and, in fact, we can save lives, and each life is precious. each life is important, and if yo
it's about the health of our neighborhoods and our economy. it's about the health of our schools, and our school children, and our communities and the health of our neighbors. mayor bloomberg, the people of new york have seen is an effective, results oriented mayor, one of the most effective results oriented mayors ever to serve new york, or dare i say, any city. creating jobs, expanding opportunity, improving city schools, launching america's largest affordable housing initiative. quite...